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We are pleased to announce the appointment of Pablo Hernández de Cos as next BIS General Manager, effective 1 July 2025. Read more: bis.org/press/p241111.…

The BIS is hiring PhD economist /senior economist in Basel aeaweb.org/joe/listing.ph…

#WordPress 6.7 “Rollins” is live! ✨ I’m incredibly grateful to have been part of the release squad for the first time, working alongside over 780+ amazing contributors. Thank you all for your dedication and hard work over the past months.

And stablecoin supply is up $5 bln in a week. Clearly the need for transactions in the real economy and everyday payments by people left behind by TradFi shot up. Not at all speculation.

U.S. households overwhelmingly use crypto for investing rather than transacting Link: fdic.gov/household-surv…

El momento en el cual Racing 🟦⬜️🟦 gritó campeón a nivel internacional después de 36 años.

#Stablecoin balance sheet structures closely resemble those of money market funds, but their reactions to #crypto and #US monetary policy shocks are different. Iñaki Aldasoro, G Cornelli Bank for International Settlements, Leonardo Gambacorta, M Ferrari Minesso & M Michael Habib European Central Bank ow.ly/NLr550UcsqX

#Stablecoins and money market funds: Less similar than you think Iñaki Aldasoro, Giulio Cornelli Bank for International Settlements, Leonardo Gambacorta, Massimo Ferrari Minesso & Maurizio Michael Habib European Central Bank ow.ly/Knzm50Ucsxf

#SUERFpolicybrief “Financial intelligence: opportunities and risks of #AI in #finance" by Iñaki Aldasoro, Leonardo Gambacorta, Vatsala Shreeti (Bank for International Settlements), Anton Korinek (University of Virginia), and Merlin Stein (University of Oxford) 📄tinyurl.com/2z6kutaa

I’m at a conference in Princeton, so won’t be able to follow this morning’s Non-Farm Payrolls very closely. OTOH, I’m psyched for this incredibly stacked lineup.

Collateralised lending is transforming the private credit market. Discover how rising house prices amplify secured lending and what this means for monetary policy and financial stability #BISResearch #PrivateCredit #MonetaryPolicy bis.org/publ/work1267.…

As stablecoins grow, so does their impact on the markets they invest in. They already influence short-term Treasury yields, with implications for monetary policy and financial stability bit.ly/4kABGBl #Stablecoins #Treasuries #FinancialStability

A different type of episode from us Tracy Alloway and I went to Princeton for an academic conference organized by Brendan Greeley on what currencies are We moderated a panel with former Riksbank chief Stefan Ingves, BIS' Iñaki Aldasoro, and UI prof Rebecca Spang podcasts.apple.com/us/podcast/how…

New CEPR Discussion Paper - DP20310 Collateralized Lending in Private Credit Iñaki Aldasoro, Sebastian Doerr Bank for International Settlements ow.ly/OGRb50W2oSI #CEPR_BCF #EconTwitter

Back in this hellsite to thank Steven Wilson and company for an absolutely amazing concert yesterday night in Zurich, even with an encore with my two favorite songs.

#RetailInvestors are entering #PrivateCredit at a rapid pace through #BusinessDevelopmentCompanies and private credit #ETFs, raising fundamental questions about the future of private markets. bit.ly/46yqa5R #BISBulletin

“Democratising” access to #PrivateCredit may undermine the very features that have made it an attractive asset class, as it erodes benefits from flexible loan terms and the “illiquidity premium” on private loans. bit.ly/46yqa5R #BISBulletin

Despite their early stage, tokenised bonds have lower bid-ask spreads than conventional bonds and comparable issuance costs. bit.ly/403H5sZ #BISBulletin #Tokenisation #GovernmentBonds #Spreads #Liquidity

The growing use of foreign currency-backed #Stablecoins could weaken foreign exchange regulations and threaten monetary sovereignty. bit.ly/44rc0C8 #BISBulletin #Regulation #Tokenisation #Cryptoassets

"Same risks, same regulation" falls short for #Stablecoins. Tailored rules are needed to address their unique features and risks. bit.ly/44rc0C8 #BISBulletin #Tokenisation #TokenisedBonds #Efficiency